A new trading day began on Monday, with Bitfarms Ltd. (NASDAQ: BITF) stock price up 4.37% from the previous day of trading, before settling in for the closing price of $2.06. BITF’s price has ranged from $0.98 to $3.91 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 75.63%. Meanwhile, its annual earnings per share averaged 39.00%. With a float of $347.62 million, this company’s outstanding shares have now reached $453.51 million.
The extent of productivity of a business whose workforce counts for 170 workers is very important to gauge. In terms of profitability, gross margin is -16.67%, operating margin of -46.79%, and the pretax margin is -65.92%.
Bitfarms Ltd. (BITF) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Capital Markets Industry. The insider ownership of Bitfarms Ltd. is 23.35%, while institutional ownership is 21.70%. The most recent insider transaction that took place on Oct 15 ’24, was worth 939,150. Before that another transaction happened on Oct 07 ’24, when Company’s Former Director proposed sale 600,000 for $1.93, making the entire transaction worth $1,158,717.
Bitfarms Ltd. (BITF) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.07 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 39.00% per share during the next fiscal year.
Bitfarms Ltd. (NASDAQ: BITF) Trading Performance Indicators
Here are Bitfarms Ltd.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 5.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.32, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach 0.02 in one year’s time.
Technical Analysis of Bitfarms Ltd. (BITF)
The latest stats from [Bitfarms Ltd., BITF] show that its last 5-days average volume of 26.56 million was superior to 21.89 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 81.09%. Additionally, its Average True Range was 0.13.
During the past 100 days, Bitfarms Ltd.’s (BITF) raw stochastic average was set at 30.67%, which indicates a significant decrease from 97.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.06% in the past 14 days, which was lower than the 83.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.08, while its 200-day Moving Average is $2.31. Now, the first resistance to watch is $2.21. This is followed by the second major resistance level at $2.26. The third major resistance level sits at $2.37. If the price goes on to break the first support level at $2.05, it is likely to go to the next support level at $1.94. The third support level lies at $1.89 if the price breaches the second support level.
Bitfarms Ltd. (NASDAQ: BITF) Key Stats
With a market capitalization of 975.05 million, the company has a total of 409,307K Shares Outstanding. Currently, annual sales are 146,370 K while annual income is -104,040 K. The company’s previous quarter sales were 41,550 K while its latest quarter income was -26,600 K.
